B[It is false that the national subsidy for home appliances is ending online.] On October 23, multiple bloggers posted on social platforms that “the national subsidy for home appliances is about to end.” Coupled with the rhetoric of "last chance" and "the quota is gone", many people who were planning to buy home appliances during Double Eleven suddenly wondered whether they should wait. In fact, this year’s home appliance trade-in subsidy policy is still in effect. The National Development and Reform Commission announced on September 30 that the fourth batch of 62.5 billion yuan of consumer goods trade-in funds this year has been released. Home appliance dealers and online bloggers are probably taking advantage of consumers' anxiety, suggesting that "if you wait until Double Eleven to place orders, you will not be able to catch up with the national subsidy," thereby urging consumers to place orders in advance. In fact, the payment of state subsidies is rhythmic and planned, and it is not as stressful as online bloggers say. The "Notice on Providing Subsidies for the Trade-in of Home Appliances and the Purchase of Digital and Smart Products in 2026" issued by the general offices (offices) of five departments including the Ministry of Commerce clearly requires that all localities should scientifically formulate plans for the use and redemption of subsidy funds, use them in a balanced manner on a monthly basis, and make smooth connections between weeks within the month and across months and quarters. The reporter called the commerce authorities in Anhui, Chongqing, Jiangxi and other places, and they all said that the state subsidy quota is sufficient and there is no situation that it has been used up. (CCTV Finance)
— All loaded —
